Sgi Peak Correlations

Mutual Funds . USA . 
Fund . Sgi Peak Growth
SGPKX Fund  USD 12.09  0.05  0.42%   
The current 90-days correlation between Sgi Peak Growth and Summit Global Investments is -0.14 (i.e., Good diversification). The correlation of Sgi Peak is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Sgi Peak Correlation With Market

Very poor diversification

The correlation between Sgi Peak Growth and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sgi Peak Growth and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sgi Peak Growth. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Sgi Mutual Fund

  0.79SGICX Summit Global InvestmentsPairCorr
  0.91SGLIX Summit Global InvestmentsPairCorr
  0.96SGPGX Sgi Prudent GrowthPairCorr
  0.81SILVX Summit Global InvestmentsPairCorr
  0.96BOGIX Bogle Small CapPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.73NHS Neuberger Berman HighPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.98FAEGX Fidelity Advisor EquityPairCorr
  1.0SCBPX Strategic Asset ManaPairCorr
  0.97YOVIX Yorktown Small CapPairCorr
  0.73CGBIX Calvert Green BondPairCorr
  0.69ABNCX Ab Bond InflationPairCorr
  0.86POSAX Global Real EstatePairCorr
  0.97PMAIX Pioneer Multi AssetPairCorr
  0.98GMAUX Gmo Emerging MarketsPairCorr
  0.97QUSRX Pear Tree PolarisPairCorr
  0.87ETNHX Eventide Healthcare LifePairCorr
  0.98TRKZX T Rowe PricePairCorr
  0.98LHYVX Lord Abbett HighPairCorr
  0.99FHAPX Fidelity Freedom BlendPairCorr
  0.85AVEFX Ave Maria BondPairCorr
  0.95CCGIX Chautauqua Global GrowthPairCorr
  0.99JSGIX John Hancock StrategicPairCorr
  0.83HOSBX Short Term BondPairCorr
  1.0SCGCX Qs Moderate GrowthPairCorr
  0.92WNYIX Wilmington New YorkPairCorr
  0.99DAADX Dfa Emerging MarketsPairCorr
  1.0ISQIX Voya Solution 2035PairCorr
  0.62IFBFX Intermediate BondPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Sgi Mutual Fund performing well and Sgi Peak Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sgi Peak's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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